[DebtDeflation]

>With $700M extracted

The $700M figure is a combination of equity sold outright and loans taken out using the equity as collateral. I have not seen any breakdown of how much falls in each category. I would not be surprised to see those loans get called in soon given the current situation and the recent governance change requiring him to pay back any profits he makes on leasing those properties to We.

[elliekelly]

(Assuming he manages to stay in control) I'm curious to see whether he/the Board follows through with all of the concessions he made in an attempt to get the IPO off the ground.